Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
This course reviews the revisions to CAS 315, Identifying and Assessing the Risks of Material Misstatement. In particular, it will review the key changes to obtaining an understanding of an organization’s use of IT and the risks arising from that use. The course builds on the participants understanding of planning an audit, with a risk-based approach, based on a strong understanding of the business and its environment, including technology.
This course will focus on obtaining an understanding of the IT Environment and GITCs. To accomplish this, it will first start with an introduction to the components of IT that are relevant to an audit of financial statements and the linkage between the business and IT processes and controls within the entity’s system of internal control.
In short, this course is intended to provide participants with guidance on the practical application of key revisions in the standard relating to IT.
Topics Include:
- Components of internal control, including IT
- Gaining an understanding of an organization’s use of IT
- Components of IT that are relevant to the audit of financial statements
- Risks arising from the Use of IT
- An introduction to General IT Controls
- Primer on end user computing
NOTE: This course description has been revised and reflects updates for 2024. If you have any questions, please contact pdevents@cpaontario.ca.
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Key Takeaways
By the end of this course, participants should be able to:
- Develop an approach to the implementation of CAS 315 in their practice related to obtaining an understanding the 5 components of internal control, with a focus on the IT Environment and General IT controls.
- Apply the control risk assessment, recognizing the role of technology.
- Describe the concept of “scalability” and how the requirements of CAS 315 vary based on the nature and size of an organization.
Who Will Benefit
This course is intended for auditors who need to understand and apply CAS 315.
Prerequisite(s)
Participants should have a working knowledge of the CPA Canada Handbook – Assurance and Revised CAS 315 either through self-review or completion of the following course: Audits – Application of CAS 315.
How to Access the Course
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To access the course on your computer please visit our BlackBoard site, and log-in using the same login and password used for the Registration Portal.
Please allow up to 15 minutes after registration for the course to appear on your BlackBoard page.
Registration, cancellation, withdrawal and all other CPA Ontario PD policies can be found here.